Chinese insurers given freedom to invest globally
Rules governing Chinese insurers' overseas investments have been liberalised, allowing them to buy equities on Hong Kong's GEM market as well as lower-rated bonds. The move is intended to broaden their portfolios.
Chinese insurers have been given greater freedom to invest overseas in an attempt to expand the scope and diversity of their portfolios.
Liberalisation of the rules will see insurance companies given permission to invest in Hong Kong’s Growth Enterprise Market (GEM) and bonds rated just above ‘junk’ status.
The move comes as insurers’ overseas investments surge, but this has not translated into a substantial uptick in their proportion of foreign holdings.
The China Insurance R…
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